Business World

Sunday 21 January 2018

700 jobs on the way in financial services


MORE than 700 jobs are to be created in the Irish funds industry by the end of the year, the Irish Funds Industry Association (IFIA) has said at its AGM. The industry saw a 5pc increase in employment during 2010 creating 432 new jobs, according to a HR survey of the IFIA's member firms. And there are plans by Deutsche Bank to move its entire European hedge fund administration operation to Dublin. It is estimated that this could create up to 100 further jobs by the end of the year, while another 50 jobs are to be created in the sector by Apex.

Amazon's e-books outselling real ones says it now sells more digital e-books than paper books and that its recently introduced lower-priced Kindle e-reader is outselling other versions of the device. Amazon, which does not divulge exact sales figures for the Kindle or e-books, said that for every 100 print books it has sold since April 1, it has sold 105 e-books. That includes paperback and hardcover books, but excludes free downloads.

Port traffic grows during first quarter

THE volume of shipping and port traffic on the majority of the principal sectors grew during the first quarter of 2011, according to the latest figures released yesterday by the Irish Maritime Development Office (IMDO). Total lift-on/lift-off trades volumes grew by 3pc while roll-on/roll-off export traffic was up 2pc on an all-island basis. Dry- bulk volumes through Republic ports increased by 21pc and break-bulk volumes were up 25pc.

Apple reaches deals on music storage

Apple has reportedly reached agreements with three major record labels to let users of its new music service access their song collections from handheld devices via the internet. The new iTunes offering will let users store content on Apple's servers and access it using the Web, rather than loading songs into a device's memory. The plans could be previewed as early as Apple's developers' conference, set to begin on June 6. Apple follows Google and in letting consumers stream music from the so-called cloud.

Irish Independent

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